Sharda Motor Industries Limited reported unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales of INR 1,951.13 million compared to INR 2,276.996 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 60.01 million compared to INR 101.22 million a year ago. Profit from ordinary activities before tax was INR 47.03 million compared to INR 95.72 million a year ago. Profit for the period was INR 39.13 million or INR 6.58 per basic and diluted share compared to INR 68.19 million or INR 11.47 per basic and diluted share a year ago.

For the year to date, the company reported net sales of INR 5,904.81 million compared to INR 6,529.81 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 159.76 million compared to INR 372.93 million a year ago. Profit from ordinary activities before tax was INR 132.37 million compared to INR 350.08 million a year ago. Profit for the period was INR 169.40 million or INR 28.49 per basic and diluted share compared to INR 203.36 million or INR 34.20 per basic and diluted share a year ago.